2 12 points X 03:22:04 eBook References The annual report for Fabeck Finishing Corporation contained the following information: (in millions) Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net Assume that accounts receivable write-offs amounted to $1 during 2021 and $9 during 2020 and that Fabeck Finishing did not record any recoveries. Transaction 2021 $455 35 $420 Required: Complete the following table indicating the direction of the effect (+ for increase, - for decrease, and NE for no effect) of each transaction during 2021: a. Writing off uncollectible accounts. b. Recording bad debt expense. 2020 $455 25 $430 Net Credit Sales Average Net Accounts Receivable Receivables Turnover Ratio

The aimual report for Fabeck Finbthing Corpotation contained the folowhe informution: Astume that accounts tecelvable vile-offs amounted to $1 duaing 2021 and $9 during 2020 and that Fabeck Finishing did not tecord ary rexoweries. Required: Complete the following tible indicating the decclion of the effect ( for increase, - for decrease, and NE for no etfect) of each triesactlon diuling 2024